Equities Analysts Offer Predictions for PATK Q1 Earnings

Patrick Industries, Inc. (NASDAQ:PATK) – Equities researchers at Roth Capital dropped their Q1 2025 earnings per share estimates for shares of Patrick Industries in a research report issued to clients and investors on Friday, February 7th. Roth Capital analyst S. Stember now anticipates that the construction company will post earnings per share of $0.99 for the quarter, down from their previous estimate of $1.01. The consensus estimate for Patrick Industries’ current full-year earnings is $5.38 per share. Roth Capital also issued estimates for Patrick Industries’ Q2 2025 earnings at $1.49 EPS, Q3 2025 earnings at $1.65 EPS, Q4 2025 earnings at $1.17 EPS, FY2025 earnings at $5.30 EPS and FY2026 earnings at $6.43 EPS.

Other equities research analysts have also recently issued reports about the company. StockNews.com cut Patrick Industries from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th. Raymond James lifted their price objective on Patrick Industries from $99.00 to $103.00 and gave the stock an “outperform” rating in a research note on Friday. Benchmark lifted their price objective on Patrick Industries from $98.00 to $102.00 and gave the stock a “buy” rating in a research note on Friday. KeyCorp lifted their price objective on Patrick Industries from $100.00 to $110.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Truist Financial lifted their price objective on Patrick Industries from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $97.96.

Patrick Industries Stock Down 1.4 %

NASDAQ PATK opened at $93.41 on Monday. The stock has a fifty day moving average of $89.30 and a 200-day moving average of $88.70. The stock has a market capitalization of $3.14 billion, a P/E ratio of 22.67, a price-to-earnings-growth ratio of 1.42 and a beta of 2.26. Patrick Industries has a 52 week low of $67.72 and a 52 week high of $98.90. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.97 and a current ratio of 2.33.

Patrick Industries (NASDAQ:PATK) last released its earnings results on Thursday, February 6th. The construction company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.50 by $0.02. Patrick Industries had a return on equity of 13.25% and a net margin of 3.72%.

Institutional Trading of Patrick Industries

A number of institutional investors have recently modified their holdings of the company. 1ST Source Bank raised its holdings in Patrick Industries by 48.3% during the fourth quarter. 1ST Source Bank now owns 131,650 shares of the construction company’s stock worth $10,938,000 after acquiring an additional 42,883 shares in the last quarter. Cibc World Markets Corp bought a new stake in Patrick Industries during the fourth quarter worth about $252,000. Corient Private Wealth LLC raised its holdings in Patrick Industries by 35.8% during the fourth quarter. Corient Private Wealth LLC now owns 2,506 shares of the construction company’s stock worth $208,000 after acquiring an additional 661 shares in the last quarter. Royce & Associates LP increased its position in Patrick Industries by 12.3% during the fourth quarter. Royce & Associates LP now owns 85,536 shares of the construction company’s stock worth $7,106,000 after buying an additional 9,341 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in Patrick Industries by 54.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 5,547 shares of the construction company’s stock worth $461,000 after buying an additional 1,958 shares during the last quarter. 93.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Andy L. Nemeth sold 15,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $93.76, for a total value of $1,406,400.00. Following the sale, the chief executive officer now directly owns 364,678 shares in the company, valued at $34,192,209.28. The trade was a 3.95 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 4.70% of the company’s stock.

Patrick Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $1.60 annualized dividend and a yield of 1.71%. Patrick Industries’s dividend payout ratio is presently 38.83%.

About Patrick Industries

Patrick Industries, Inc manufactures and distributes component products and materials for the recreational vehicle, marine, manufactured housing, and industrial markets in the United States, Mexico, China, and Canada. Its Manufacturing segment manufactures and sells laminated products for furniture, shelving, wall, countertop, and cabinet products; cabinet doors, fiberglass bath fixtures, and tile systems; hardwood furniture, vinyl printing, amplifiers, tower speakers, soundbars, and subwoofers; solid surface, granite, and quartz countertop fabrication; aluminum products; fiberglass and plastic components; RV paintings; decorative vinyl and paper laminated panels; softwoods lumber; custom cabinets; polymer-based flooring products; dash panels; and other products.